New Delhi (Reuters) – On Wednesday, Renesas Electronics Corp of Japan and Tata Motors (NYSE: TTM) of India announced a strategic partnership to design, develop, and manufacture semiconductor solutions for domestic and international markets.
The two companies said in a statement that Tata Motors and Renesas will work together to create “next-generation automotive electronics” to speed up the growth of electric and connected vehicles.
As part of the partnership, Renesas will also work with Tejas Networks, a Tata Group company, on wireless network solutions like 5G. The products will start out in India, but the goal is to sell them all over the world.
